WARRENDALE, Pa., Feb. 10 /PRNewswire-FirstCall/ --
American Eagle Outfitters, Inc. (Nasdaq: AEOS) today announced the appointment
of Fred Grover as President of the company's Bluenotes subsidiary. Mr. Grover
succeeds Ms. Lora Tisi.
Mr. Grover joins Bluenotes from American Eagle's Men's Merchandising
Division, where he held the position of Vice President/General Merchandising
Manager since 1993, rising to Senior Vice President in 2002. Prior to his
executive role in men's merchandising, he held various senior positions in
men's and women's merchandising and store operations since joining the company
in 1978.
Roger Markfield, Co-Chief Executive Officer of American Eagle Outfitters
commented, "Fred played a major role in the repositioning of the American
Eagle brand during the mid 1990's. Under Fred's leadership, American Eagle's
men's business achieved significant growth, and enjoyed many years of success.
I am confident that with his merchandising talent and broad retail experience,
Fred will successfully lead the repositioning of the Bluenotes brand."
American Eagle Outfitters (Nasdaq: AEOS) is a leading lifestyle retailer
that designs, markets, and sells its own brand of relaxed, versatile clothing
for 16 to 34 year-olds, providing high-quality merchandise at affordable
prices. AE's lifestyle collection includes casual basics like khakis, cargos,
and jeans; fashion tops like rugbys, polos, and graphic T's; and functional
items like swimwear, outerwear, footwear, and accessories. AE's Canadian
subsidiary, Bluenotes/Thriftys, targets a slightly younger demographic,
offering a more urban/suburban, denim-driven collection for 12 to 22 year-
olds. American Eagle Outfitters currently operates 697 AE stores in 48 states
and the District of Columbia, 56 AE stores in Canada, and 111
Bluenotes/Thriftys stores in Canada. AE also operates via its internet
business, ae.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: This release contains forward-looking statements, which represent our
expectations or beliefs concerning future events, specifically regarding the
future success of the Bluenotes subsidiary. All forward-looking statements
made by the Company involve material risks and uncertainties and are subject
to change based on a number of factors, some of which are beyond the Company's
control. Such factors include, but are not limited to, the Company's ability
to successfully reposition the Bluenotes brand and those other risks described
in the Company's filings with the Securities and Exchange Commission.
Accordingly, the Company's future performance and financial results may differ
materially from those expressed or implied in any such forward-looking
statements. The Company does not undertake to publicly update or revise its
forward-looking statements even if future changes make it clear that projected
results expressed or implied will not be realized.
SOURCE American Eagle Outfitters, Inc.
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Related links:
http://www.ae.com
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/104763.html
CONTACT:
Laura Weil or Judy Meehan, +1-724-776-4857,
both of American Eagle Outfitters
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